land development loans

Horizontal Lot Development
Must have Vertical Construction Component
Multifamily, Mixed-Use, Student Housing, Residential, Subdivisions, Townhomes, Condos, Office, Retail, Industrial, Hotels, Self-Storage, and more ......
Loan Amount: $1 million - $875 million+ Lending Area: Nationwide Rate: 8.99% - 11.99% (interest Only on funds drawn) Term: 12 to 36 months Origination Fees: Varies LTC: 90% (Hard & Soft costs) 75% ARV (May include most loan costs) Invested Money: Dollars borrower has already invested into the project reduce cash needed to close Payments: NO Payments, interest reserve already built into the loan Recourse: Non-Recourse Funding: 4 - 8 weeks Credit: 620+ Experience: Borrower must have experience on title building / Rehabbing similar projects during the past 3 years Borrower Liquidity: 5% of the loan amount plus cash to close Foreignn Nationals: OK Fees: NO UPFRONT FEES Income Verification: NONE